The ________ is the U.S. tax code

Areas of concern to newspaper publishers include all of the following EXCEPT:

A) changing technology. B) declining advertising revenues. C) declining circulation. D) a prospective audience that doesn't like to read. E) increasing government regulations.

Masters Company borrowed on a one-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest payable will be reported on Masters' balance sheet as of November 30 of the same year?

a. $ 7,500 b. $ 8,750 c. $ 15,000 d. $ 30,000